Apple iPhone 7 With 256GB Storage Discontinued: Here's Why

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Apple has said that once you are approved for the upgrade program then you will be able to checkout quicker for the new iPhone X this Friday the 27th of October. Magellan Asset Management Ltd boosted its stake in Apple by 56.9% in the second quarter. Needham & Company LLC reissued a "buy" rating and set a $175.00 price target (up from $165.00) on shares of Apple in a report on Wednesday, August 2nd. Bank of America Corporation reissued a "buy" rating and set a $180.00 price target on shares of Apple in a research note on Tuesday, September 26th. Apple has a one year low of $104.08 and a one year high of $164.94. Apple's revenue for the quarter was up 7.2% on a year-over-year basis. Magellan Asset Management Ltd now owns 15,294,140 shares of the iPhone maker's stock valued at $1,462,120,000 after buying an additional 5,543,465 shares in the last quarter. The latter proved that compact phones are still well-loved, so the iPhone 8 should still have its fair share of fans. Mn Services Vermogensbeheer B.V. now owns 859,200 shares of the iPhone maker's stock valued at $123,742,000 after purchasing an additional 716,683 shares during the last quarter. Harbour Capital Advisors LLC raised its stake in shares of Apple by 14,030.2% in the second quarter. State of Wisconsin Investment Board now owns 5,578,551 shares of the iPhone maker's stock valued at $801,415,000 after purchasing an additional 749,158 shares during the last quarter. Franklin Resources Inc. now owns 17,027,764 shares of the iPhone maker's stock valued at $1,627,849,000 after buying an additional 2,857,040 shares in the last quarter. During the same quarter in the previous year, the company earned $1.42 EPS. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The stock was sold at an average price of $154.70, for a total value of $8,788,197.60. Finally, Lenox Wealth Advisors Inc. grew its holdings in shares of Apple by 0.4% in the second quarter. Also, CEO Timothy D. Cook sold 268,623 shares of the firm's stock in a transaction on Monday, August 28th.

A number of brokerages have recently commented on AAPL. Following the transaction, the chief financial officer now owns 12,055 shares in the company, valued at $1,326,411.65. Insiders own 0.08% of the company's stock.

Therefore the device can't be purchased at the company stores, but still some third party stores may sell.

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Earlier in September, when Apple announced the release of iPhone 8 and X in fall of 2017 they also announced that the company will stop selling the 256GB version of the iPhone 7.

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